French supermarket giant Carrefour's shares plunge 14% after cutting 2026 forecast, citing 'unprecedented' unrest
Carrefour cut its full-year 2026 financial forecasts, citing worsening social unrest and security conditions in France that are weighing on consumer spending. The company now expects operating margin growth of just 0 to 15 basis points, down from a previous expectation of a 25 basis point rise, and forecasts flat to slightly higher adjusted earnings per share, reversing earlier expectations for high-single-digit growth.
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